MV Oil Trust (MVO) to Issue Quarterly Dividend of $0.59 on July 24th

MV Oil Trust (NYSE:MVO) announced a quarterly dividend on Thursday, July 2nd. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.5938 per share by the oil and gas producer on Friday, July 24th. This represents a c) annualized dividend and a dividend yield of 142.4%. The ex-dividend date is Wednesday, July 15th. This is a 249.3% increase from MV Oil Trust’s previous quarterly dividend of $0.17.

MV Oil Trust has raised its dividend payment by an average of 0.1%annually over the last three years.

MV Oil Trust Stock Performance

Shares of MVO opened at $1.67 on Friday. The firm has a market cap of $19.18 million, a PE ratio of 2.03 and a beta of -0.21. The firm’s 50 day moving average price is $1.87 and its 200 day moving average price is $1.89. MV Oil Trust has a twelve month low of $0.97 and a twelve month high of $6.19.

MV Oil Trust (NYSE:MVO) last announced its quarterly earnings results on Wednesday, May 13th. The oil and gas producer reported $0.14 EPS for the quarter. The business had revenue of $1.84 million for the quarter.

MV Oil Trust Company Profile

MV Oil Trust is an exchange-listed royalty trust that holds overriding royalty and net profits interests in oil and gas properties across the United States. As a non-operating entity, the trust does not engage in exploration or development; instead, it collects a share of production revenues after operating expenses are deducted.

The trust’s interests are primarily concentrated in onshore hydrocarbon fields in West Texas, providing unitholders with exposure to established production streams.